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Oak Forest Sales & Price Trends

The table below shows Oak Forest Resale Home Prices (for sold homes).

Oak Forest Prices 4th Q – Resale Homes
Description Price Range SF Lot Size Price/SF DOM*
1 Bath Homes $200-$355K 1100-1400 SF 6720-8400 SF $155-$295/SF 38
Avg. $262K 1244 SF 7370 SF $212/SF
2 Bath Homes $221-$545K 1400-2100 SF 7100-11,000 SF $150-$280/SF 37
Avg. $374K 1710 SF 7800 SF $220/SF
* DOM = Days on Mkt.

New Construction Homes in Oak Forest are much larger, much more expensive. Oak Forest and nearby Garden Oaks lots cannot be subdivided. Whereas in parts of the Heights and other areas a house might be torn down and two new homes built on the old lot. Not here. If a builder pays $250K for a lot, his new home has to sell for at least 3X that amount. Thus new homes typically start at ~$800K.

A brief table of Prices for new homes in Oak Forest is below:

Oak Forest New Construction 4th Q 2014
Description $ Range Size-SF Lot-SF $/SF DOM** LP/SP***
New $568K-$962K 2300-4600 SF 7100-8400 SF $200-$240/SF N/A 0.99
Homes Avg. $817K Avg. 3754 SF Avg. 7800 SF Avg. $218/SF
**DOM=Days on Market ***LP/SP = ratio of list price to sales price
Meaningless for new homes

Oak Forest Land Prices

Oak Forest land prices, like everything else nearby have gone up considerably in the last few years. The rise in new construction is what pushes everything up. Builders will pay quite a bit for a lot or a tear-down to build a big new expensive home in this popular neighborhood.
Compare Oak Forest to a similar neighborhood, nearby Lindale Park. New construction there is non-existent, and land prices are half those of Oak Forest

Home Price Survey: Oak Forest, Garden Oaks and Nearby

Filed in Oak Forest Sales & Price Trends by on June 29, 2016
Home Price Survey: Oak Forest, Garden Oaks and Nearby

Chronicle Annual Home Price Survey The Houston Chronicle does a yearly Home Price Survey where they list hundreds of neighborhoods and look at their price appreciation over the last year and last 5 years. Home owners look at these tables to compare their neighborhoods to others. Home buyers this info as tool (though not an exact […]

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What are New Home Prices in Oak Forest?

Filed in Oak Forest Sales & Price Trends by on May 18, 2016
What are New Home Prices in Oak Forest?

Oak Forest New Home Prices-1st Q 2016 Sales of Oak Forest homes this past quarter totaled 76 homes, and almost a fourth of these were new homes. The table below gives a summary of these new homes sales. Resale homes will be covered in a future post. The data above isn’t a whole lot different than […]

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Oak Forest Price trends

Filed in Oak Forest Sales & Price Trends by on April 6, 2015
Oak Forest Price trends

Oak Forest Price Trends Oak Forest home prices were up 65% from 2010 to 2014. If not familiar with Oak Forest homes, see my page on this neighborhood. Oak Forest is very popular for several reasons: It is close-in and convenient It is a huge neighborhood with lots of sales A broad range of homes available […]

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Oak Forest Land Prices

Filed in Oak Forest Sales & Price Trends by on April 3, 2015
Oak Forest Land Prices

Oak Forest Land Prices-Early 2015 Oak Forest land prices are rising continually, but are still reasonable compared to nearby Heights. The attached table of sales shows prices ranging generally from mid $20’s to $40’s per SF. The average sales price (after tossing out a couple of low values) was $38/SF. If you are not familiar […]

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Oak Forest New Home Prices

Filed in Oak Forest Sales & Price Trends by on January 19, 2015
Oak Forest New Home Prices

Oak Forest New Home Prices -4th Q 2014 My previous post gave 4th Quarter prices of Oak Forest homes…current prices of these  1940’s and 1950’s homes, excluding newer homes. This post covers the much bigger new homes being built in Oak Forest. These new homes are much bigger and much more expensive than the original homes. […]

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Recent Oak Forest Home Prices

Filed in Oak Forest Sales & Price Trends by on January 16, 2015
Recent Oak Forest Home Prices

Recent Oak Forest Sales Prices Here is a quick look at 4th Q sales of Oak Forest homes. These are resale homes, not new construction homes or even recent homes. These are the original 1950’s homes renovated to varying degrees. This will give you an idea of house prices for the little 1 bath and more […]

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Oak Forest Prices-Resale 3Q

Filed in Oak Forest Sales & Price Trends by on January 1, 2014
Oak Forest Prices-Resale 3Q

Oak Forest Prices of Resale Homes-3rd Q 2013 Learn about Oak Forest Homes here: history, prices, location, maps, more. I recently showed the Prices of New Oak Forest Homes. This post will focus on resale homes, mostly ranch-style 1940’s and 1950’s homes. Let’s start with land prices. What a builder will pay for a tear-down […]

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Oak Forest New Construction Prices

Filed in Oak Forest Sales & Price Trends by on December 26, 2013
Oak Forest New Construction Prices

Oak Forest New Construction Oak Forest new homes are selling like crazy, just like everything else inside the loop or close-in areas. There have been 26 new construction homes sold in the last 3 months in Oak Forest. They ranged from $550K for a single story home (very rare for new close-in homes) by City […]

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Oak Forest Home Sales

Filed in Oak Forest Sales & Price Trends by on January 30, 2013
Oak Forest Home Sales

Oak Forest Home Sales-Dec 2012 Resale home sales are up, new home sales are up, home prices are up,  inventory is down. It’s the same story everywhere inside the loop and all other areas just outside the loop that I cover. See my Page  about the Oak Forest Area. Fourth quarter Oak Forest home sales […]

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Oak Forest New Construction-Update 2012

Filed in Oak Forest Sales & Price Trends by on June 3, 2012
Oak Forest New Construction-Update 2012

Oak Forest New Construction is Booming. January 2014 Update: There are later posts on Oak Forest. There are two recent developments in Oak Forest new construction. When I last wrote about Oak Forest new homes there were 15 new homes for sale, and they were mostly in Sec 1 of Oak Forest (the SE corner of […]

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